Cash Applications Specialist

Responsibilities

• Prepares lock boxes and posts payments from EOBs received the prior day, meeting daily quota outlines with minimal errors.
• Runs daily balancing reports and reviews/corrects discrepancies prior to day close procedures.
• Maintains daily close schedule as coordinated by supervisor.
• Works offset and clearing accounts in a timely manner to eliminate balances in these transition accounts.
• Understands and refers to managed care profiles, AWP grids, and other tools necessary to determine proper insurance payment.
• Advises supervisor of any insurance issues as they are identified on EOBs that need immediate attention.
• Works up and posts Zero Pay EOBs daily, as included in the lock box for proper distribution to other teams.
• Operates electronic posting downloads along with manual postings daily.
• Makes appropriate system comments related to postings/EOBs remittances.
• Maintains a general understanding of HCPCS/ICD/CPT oncology coding and carrier requirements knowledge.

Qualifications

• High School diploma or equivalent required.
• 1-2 years of experience in direct related role.
• Cash posting experience in a medical setting.